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Government Deliberates New Plans for Low-Income Households amid Soaring Debt

Government Deliberates New Plans for Low-Income Households amid Soaring Debt

SEJONG, Feb. 21 (Korea Bizwire) – The South Korean government is planning on new measures to support the livelihood of low-income families, who are among those suffering the most from the country’s recent economic struggles.  According to officials, South Korea’s household credit jumped by 11.7 percent in 2016 compared to the year prior, setting a [...]

Rush to Build Traditional Housing Faces Limitations

Rush to Build Traditional Housing Faces Limitations

SEOUL, Feb. 16 (Korea Bizwire) – Interest in hanok, traditional Korean-style housing, has skyrocketed with new architectural technology and financial support in the form of government subsidies, and more and more Koreans are now rushing to build houses using once-forgotten traditional designs. According to government sources, over 50 local governments have come up with official [...]

Government Accelerates Efforts to Revitalize Shipping Industry

Government Accelerates Efforts to Revitalize Shipping Industry

SEJONG, Feb. 16 (Korea Bizwire) – With a Korean court’s imminent declaration of bankruptcy for Hanjin Shipping, which is scheduled for Friday, the Ministry of Oceans and Fisheries announced a set of plans to follow to help revive the local shipping industry.  During a press briefing on Wednesday at the government complex in Sejong City, [...]

Government Cracks Down on ‘Green’ Labeling, Advertisements

Government Cracks Down on ‘Green’ Labeling, Advertisements

SEOUL, Feb. 15 (Korea Bizwire) – The government has ruled that clear and objective expressions are mandatory for indicating and advertising products as being environment-friendly. The Ministry of Environment announced on February 14 that it will enact the “Notification on Management System of Indication and Advertisement about Environment Impact” and adopt the measure on February [...]

Seoul Plans Changes for the Self-Driving Era

Seoul Plans Changes for the Self-Driving Era

SEJONG, Feb. 13 Korea Bizwire) – The Ministry of Land, Infrastructure and Transport announced Monday a set of plans for the local automotive industry from 2017 to 2021 to better prepare South Korea for the imminent era of autonomous vehicles. According to the ministry, demand for safer vehicles will only increase given Korea’s rapidly aging [...]

Broadcasting Agency Chief Vows Efforts to Spread ‘Hallyu’ in Islamic Countries

Broadcasting Agency Chief Vows Efforts to Spread ‘Hallyu’ in Islamic Countries

SEOUL, Feb. 13 (Korea Bizwire) – The head of South Korea’s broadcasting watchdog body vowed to help expand exports of local TV dramas to Islamic countries to make up for restrictions imposed by China on entertainment content.  “China accounts for a third of South Korea’s exports of broadcasting content, but this sectors is currently not [...]

Government Cracks Down on Misbehaving Diplomats

Government Cracks Down on Misbehaving Diplomats

SEOUL, Feb. 9 (Korea Bizwire) – A government source said Thursday that the Ministry of Foreign Affairs recently held its first meeting dedicated to enforcing stronger discipline of Korean diplomats, after forming a task force dedicated to the undertaking.  The move follows a scandal last year involving a South Korean diplomat stationed in Chile, in [...]

Improvements to Subway Platform Screen Doors to Make Trains Safer

Improvements to Subway Platform Screen Doors to Make Trains Safer

SEJONG, Feb. 8 (Korea Bizwire) – The Ministry of Land, Infrastructure and Transport announced Tuesday comprehensive measures to improve subway platform screen doors to better prevent subway malfunctions, and potentially fatal accidents.  Despite the doors having been implemented to prevent railway accidents, they have been met with limitations, often deadly.  Seven people have been killed [...]

Government Tightens Battery Inspection Regulations Following Galaxy Note 7 Probe

Government Tightens Battery Inspection Regulations Following Galaxy Note 7 Probe

SEJONG, Feb. 6 (Korea Bizwire) – Announcing the results of an investigation into the Galaxy Note 7 fiasco Monday – which backed Samsung’s ruling that the problem phones had faulty batteries – the government also introduced plans to improve safety measures to prevent similar catastrophes from recurring.  To begin with, lithium-ion batteries will be subject [...]